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Renew Oceans Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 832435458 ✦ Brooklyn, NY ✦ Designated as a 501(c)(3)

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Overview

What is Renew Oceans Inc?

Renew Oceans Inc is a nonprofit organization based in Brooklyn, New York, primarily focused on addressing the issue of ocean plastic pollution. By developing infrastructure for waste collection and management, they aim to divert significant amounts of ocean-bound plastic waste from polluted rivers and their tributary systems in densely populated communities in the developing world. To make their efforts more effective, they innovate to simplify collection and create value from all post-use plastics. Furthermore, Renew Oceans engages local communities to mobilize action, ensuring a collaborative approach to their mission. With a team of 4 employees, they strive to reduce ocean plastic pollution and contribute to a cleaner, healthier environment.


Official website here: www.renewoceans.org

Is Renew Oceans Inc legitimate?

Renew Oceans Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Renew Oceans Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $52,615
Professional Fundraising Fees: $0
Other Salaries and Wages: $227,733

For more financial information, click here


Official website here: www.renewoceans.org

What is the mission statement of Renew Oceans Inc?

Renew Oceans Inc's mission is centered around reducing ocean plastic pollution, particularly in densely populated communities adjacent to rivers in developing regions. The organization works towards this goal by enhancing waste recovery and recycling infrastructure, facilitating easier plastic collection, and creating value from all post-use plastics. Additionally, they engage local communities to mobilize action, aiming to divert significant amounts of ocean-bound plastic waste from polluted rivers and their tributary systems.


Official website here: www.renewoceans.org

Who is the CEO of Renew Oceans Inc?

Whitney Masulis is the President of Renew Oceans Inc.


Official website here: www.renewoceans.org

What is the revenue of Renew Oceans Inc?

Renew Oceans Inc's revenue in 2020 was $303,111.


Official website here: www.renewoceans.org

Who are the executives of Renew Oceans Inc and what are their salaries?

The average compensation at Renew Oceans Inc during 2020 was $70,087. There are 4 employees and 3 volunteers at Renew Oceans Inc.


Here are 6 key members and their salaries:


Whitney Masulis (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kanaka Pattabiraman (V.P. Til Jul'20; Sec. Began Jul'20)
  • Compensation: $0
  • Related: $0
  • Other: $0
Min Zhang (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sumeet Bhatti Bodington (Chief Develop. Officer Til Jun'20)
  • Compensation: $101,077
  • Related: $0
  • Other: $0
Alyson Culin (Interim Exec Director Began Jul'20)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew J Sullivan (Chief Of Staff)
  • Compensation: $100,968
  • Related: $0
  • Other: $0


Official website here: www.renewoceans.org

Where can I find the form 990 for Renew Oceans Inc?

Renew Oceans Inc's most recent form 990 was submitted in 2020 and can be accessed here.


Official website here: www.renewoceans.org

Learn more at the official website: www.renewoceans.org

Mission Statement of Renew Oceans Inc

Renew Oceans Inc, a notable non-profit organization, is committed to addressing the issue of ocean plastic pollution at its source - in densely populated river-adjacent communities in the developing world. Their mission is threefold: to divert substantial amounts of ocean-bound plastic waste from polluted rivers and their tributary systems, to improve waste collection and management infrastructure, and to engage local communities to mobilize action.

To achieve this, Renew Oceans Inc employs innovative strategies. They aim to make collection easier and create value from all post-use plastics. This is done by developing infrastructure for waste collection and management, and by innovating methods to simplify the collection process and maximize the value derived from recycled plastics.

Moreover, Renew Oceans Inc recognizes the importance of community engagement in their mission. They strive to mobilize local communities to take action against ocean plastic pollution. By doing so, they not only address the immediate issue but also empower communities to become active participants in preserving their environment for future generations.

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Impact




June, 2024

Renew Oceans Inc works to reduce ocean plastic pollution in populous river-adjacent communities in the developing world. Their efforts focus on diverting significant amounts of ocean-bound plastic waste from polluted rivers and their tributary systems. By increasing recovery and recycling through infrastructure development, innovation in waste collection, and engaging local communities to take action, Renew Oceans Inc is making a positive impact on the environment.




This information is meant to be a general summary of Renew Oceans Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$7,461 (2020)
Expenses
$1,810,553 (2020)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2020.

  • Investment Income: $111
  • Gross Receipts: $303,111

Assets and Liabilities:

  • Total Assets: $0
  • Total Liabilities: $0
  • Net Assets: $0

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Organization Details

Founding Year

2018

Principal Officer

Whitney Masulis

Main Address

PO BOX 381109 ATTN WHITNEY MASU, BROOKLYN, NY, 11238

NTEE Category

Code: C32 - Environment

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